Remaking the Elasticity of Consumer Wants

Integrating Wind Power in the Danish Electricity System by increasing the Price Elasticity of Retail Electricity

Trine Pallesen, Rasmus Ploug Jenle

Research output: Contribution to conferencePaperResearchpeer-review

Abstract

The paper analyses a smart grid project named EcoGrid, the paper shows how a large market experiment is used to present a solution to the intermittency problem associated with wind power: How to balance supply and demand when electricity production 'follows the wind'? It is shown how electricity consumption is sought moved away from periods of peak consumption, and towards periods of peak production, by making consumers sensitive to ongoing changes in price. The study takes a pragmatic stance, applying concepts from the sociology of markets. The paper shows how the price elasticity of a good in the case of EcoGrid hinges on a
specific market configuration. In supplementing the sociology of markets, it is highlighted how market based solutions for societal problems can imply changing the economic characteristics of a good as much as altering the value(s) associated with it.
Original languageEnglish
Publication date2014
Number of pages24
Publication statusPublished - 2014
EventThe 3rd Interdisciplinary Market Studies Workshop - Couvent Royal, Saint-Maximin-la-Sainte-Baume, France
Duration: 5 Jun 20146 Jun 2014
Conference number: 3
http://imsw2014.sciencesconf.org/

Workshop

WorkshopThe 3rd Interdisciplinary Market Studies Workshop
Number3
LocationCouvent Royal
CountryFrance
CitySaint-Maximin-la-Sainte-Baume
Period05/06/201406/06/2014
Internet address

Bibliographical note

CBS Library does not have access to the material

Cite this

Pallesen, T., & Jenle, R. P. (2014). Remaking the Elasticity of Consumer Wants: Integrating Wind Power in the Danish Electricity System by increasing the Price Elasticity of Retail Electricity. Paper presented at The 3rd Interdisciplinary Market Studies Workshop, Saint-Maximin-la-Sainte-Baume, France.
Pallesen, Trine ; Jenle, Rasmus Ploug. / Remaking the Elasticity of Consumer Wants : Integrating Wind Power in the Danish Electricity System by increasing the Price Elasticity of Retail Electricity. Paper presented at The 3rd Interdisciplinary Market Studies Workshop, Saint-Maximin-la-Sainte-Baume, France.24 p.
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Remaking the Elasticity of Consumer Wants : Integrating Wind Power in the Danish Electricity System by increasing the Price Elasticity of Retail Electricity. / Pallesen, Trine ; Jenle, Rasmus Ploug.

2014. Paper presented at The 3rd Interdisciplinary Market Studies Workshop, Saint-Maximin-la-Sainte-Baume, France.

Research output: Contribution to conferencePaperResearchpeer-review

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PY - 2014

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N2 - The paper analyses a smart grid project named EcoGrid, the paper shows how a large market experiment is used to present a solution to the intermittency problem associated with wind power: How to balance supply and demand when electricity production 'follows the wind'? It is shown how electricity consumption is sought moved away from periods of peak consumption, and towards periods of peak production, by making consumers sensitive to ongoing changes in price. The study takes a pragmatic stance, applying concepts from the sociology of markets. The paper shows how the price elasticity of a good in the case of EcoGrid hinges on aspecific market configuration. In supplementing the sociology of markets, it is highlighted how market based solutions for societal problems can imply changing the economic characteristics of a good as much as altering the value(s) associated with it.

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M3 - Paper

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Pallesen T, Jenle RP. Remaking the Elasticity of Consumer Wants: Integrating Wind Power in the Danish Electricity System by increasing the Price Elasticity of Retail Electricity. 2014. Paper presented at The 3rd Interdisciplinary Market Studies Workshop, Saint-Maximin-la-Sainte-Baume, France.